Adobe Creative Cloud Helps Adobe’s Earnings Soar

Adobe Creative Cloud powers Adobe to another winning quarter when it reported earnings yesterday after the close.

Adobe beat earning for the 14th straight quarter.

Adobe made 94 cents per share, which was 7 cents higher than the projected figure of 87 cents per share.

It had $1.68 billion dollars in revenue, which was higher than the projected $1.65 billion in revenue.

There’s a transformation going on.

Companies are emphasizing and selling more digital downloads and becoming decreasingly dependent on physical products.

Digital downloads are more profitable for companies. Consumers prefer digital downloads because of the instant gratification – they don’t have to wait days for the physical product to arrive; they can use the product right away.

This paradigm shift is working for companies like Activision (ATVI), Electronic Arts (EA) and of course, Adobe (ADBE)

About TwinsTalkStocks: Join 9 year old twins, Devin Kalel and Ashay Jorel, as they talk about the stock market. Whether you want to save up for college, buy a new car, make a down payment on a house, save up for a vacation, or just make some extra money to pay some bills, Twins Talk Stocks can help you!

About TwinsTalkStocks: Join 9 year old twins, Devin Kalel and Ashay Jorel, as they talk about the stock market. Whether you want to save up for college, buy a new car, make a down payment on a house, save up for a vacation, or just make some extra money to pay some bills, Twins Talk Stocks can help you!